United Photovoltaics to Acquire 210 MW of Solar-Power Plants

United Photovoltaics Group Ltd. will acquire Zhongneng Guodian New Energy Cooperation and Development Jiangsu Co., an owner of solar-power projects, for 105 million yuan ($16.9 million).

Through the acquisition, United PV will own five solar projects with a total capacity of 210 megawatts, the company said in a statement Monday.

The plants are located in Inner Mongolia and Zhejiang Province, ranging between 30 megawatts and 60 megawatts in capacity each, United PV said.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE